SINGAPORE

INTERNATIONAL BUSINESS SERVICES FROM SINGAPORE – OCRA (SINGAPORE) PTE LTD

OCRA Singapore provides a complete range of professional corporate
services for the incorporation and management of Singapore, offshore and
international companies.

Since 1985, we have been providing services to clients based in the Asia
Region. Our client base is diverse and includes professional firms, expatriates,
business, entrepreneurs and high net worth families and individuals. We
regularly travel to meet our clients.

Over the last few years, OCRA Singapore, like all our offices in Asia, has
evolved from serving Asia to serving the world from Asia. This focus on serving
the world from Asia derives not only from international initiatives that have
constrained the activities of the traditional European and Caribbean offshore
centres but also from increasing international awareness of the capacity and
robustness of Singapore as an international financial centre.

Administration of companies involved in purchasing or
international trading transactions through Singapore

KEY ADVANTAGES – UTILISING SINGAPORE AS A TAX PLANNING BASE

Low personal tax rates, no capital gains tax and low inheritance tax

No
restriction on the free entry and repatriation of funds

A Singapore company is resident and domiciled in a country
with a highly regarded international reputation, thus facilitating our clients
to more successfully trade in Asia and trade globally

Any income that is not Singapore source income remitted
into Singapore by a non-Singapore company is exempt from Singapore tax

Singapore has many double taxation treaties

Singapore is a popular location for Asian regional
headquarters

A corporation tax rate of 17%

To support entrepreneurship and to help Singapore local enterprises grow, a newly incorporated company that satisfies the qualifying conditions can claim for full tax exemption on the first $100,000 of normal chargeable income* (excluding Singapore franked dividends) for each of its first three consecutive YAs.

Companies qualifying for audit exemptions are:

Exempt companies

Members of the company do not exceed 20.

Members of the company are individuals and not a corporation.

Annual turnover does not exceed S$5m.

in question or has not started business since its incorporation.

ABOUT SINGAPORE

Singapore is a member of the British Commonwealth and gained independence from Great Britain in 1990, but retains close links with the British Crown.

As a well established premier Asian financial hub, Singapore has political stability, sound economic and financial fundamentals, and client confidentiality standards comparable to those of Switzerland.

Many large accountancy and legal firms have offices in Singapore, as do most of the major international banks.

Communications are excellent with state-of-the-art telecommunications equipment and an airport that serves as a regional hub for over 100 destinations.

CONTACT DETAILS

KEY CONTACTS

DIRECTOR

Simonne Toh

Since obtaining her MBA degree, Simonne Toh has been working with our international client on companies formation, maintenance and administration in Singapore and worldwide for more than 10 years. Her responsibilities also include working with professional firms to provide clients with solutions to their specific business needs. Simonne was previously a management consultant to small and medium enterprises in Singapore.

Camelia Ang is a Chartered Secretary and a graduate from the University of London with Bachelor of Science (Economics). She joined OCRA in 2004, and her current responsibilities include working with international clientele relating to company set up and on-going administration to meet their business requirement. Prior to her work in OCRA, she worked in a professional management consulting firm to provide hands-on assistance and promote growth of small and medium enterprises in Singapore.

Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or otherprofessional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.